UA College Savings offers $25,000 Scholarship Account Giveaway

The University of Alaska College Savings Plan is holding a $25,000scholarship drawing for those who check "yes" on Line 6 of the AlaskaPermanent Fund Dividend application next year.

Line 6 is the line applicants use to indicate they wish to deposithalf of their PFD into an existing or new college savings planaccount. In addition to the $25,000 grand prize, which will bedeposited into an account for the winner, the UA College Savings Planwill choose four additional $2,500 scholarship account prize winners.Parents are encouraged to check "yes" on both their own PFDapplication as well as their child's to increase chances of winning.

"This drawing is just too good to pass up," said Linda English, UACollege Savings Plan director. "If you've already got an account, thePFD is an easy way to keep saving. If you don't, sign up now and havea shot at winning a $25,000 account or one of the four $2,500accounts."

Plan beneficiaries can use the money to pay for expenses at anyeligible college, university, or vocational/technical school in thecountry. If the beneficiary uses it for tuition at UA, $25,000 can beenough to pay for a four-year degree.

Anyone who contributes half of their 2010 PFD through the officialapplication will be entered to win regardless of whether theypreviously opened or established a UA College Savings Plan account.The drawing will take place Nov. 1, 2010. Officials will contactwinners via phone and/or mail prior to a public announcement. TheEducation Trust of Alaska, the trust established to administer thecollege savings program, is funding the scholarship giveaway.

The PFD application process begins Jan. 1 and runs until March 31,2010. Applicants can apply online or visit a distribution center topick up paper forms and additional information. For more informationabout the Alaska Permanent Fund Dividend, go tohttp://www.pfd.state.ak.us/. For more information about the UA CollegeSavings Plan and the $25,000 Scholarship Account Giveaway, go touacollegesavings.com.Edit Module

This page requires javascript. It seems that your browser does not have Javascript enabled. Please enable Javascript and press the Reload/Refresh button on your browser.